<p>Edgewater Markets, a provider of technology, trade <a href=”https://www.financemagnates.com/terms/e/execution/” class=”terms__main-term” id=”60010adb-9e25-4bff-9822-c9210deec853″ target=”_blank”>execution</a> and
liquidity aggregation for the foreign exchange (FX) and precious metals
industries, has hired <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__secondary-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> veteran, Chan Chong San, as its Managing Director
for the Asia Pacific (APAC) region.</p><p>Chan, who was previously the Managing Director of GFI Group, brings over
30 years of industry experience to the new role. He spent five years and a
month in his last role at GFI Group, which is a provider of trading
technologies to the global over-the-counter and listed markets for cash and
derivatives products. </p><p>Edgewater Seeks APAC Expansion</p><p>In a statement released on Wednesday, <a href=”https://www.financemagnates.com/tag/edgewater-markets/” target=”_blank” rel=”follow”>Edgewater</a> noted that Chan helped
CFI Group Singapore double its targeted revenue for APAC over the course of three years and will head its Singapore office and support its continued
investment and growth in the APAC region.</p><p>Matt Kassel, Edgewater’s Chief Operating Officer, noted that the company
is channeling “unprecedented power and access to banks and financial
institutions” in Asia to consolidate on having a presence of more than a decade in the
region. This consolidation plan will see Edgewater introduce new technology for
trading Asian non-deliverable forward (NDF) pairs, the company said.</p><p>“Chong San is the perfect person to lead this effort, and we’re thrilled
to welcome him to the team,” Kassel added.</p><p>The new development comes days after Edgewater Markets boosted its
presence in Latin America by opening <a href=”https://www.financemagnates.com/institutional-forex/edgewater-markets-opens-new-office-in-so-paulo-brazil/” target=”_blank” rel=”follow”>a new office in São Paulo</a>, Brazil. The company,
which already operates a Mexican office, has tasked Charles Achoa, an
executive it hired in October last year, to lead the new office.</p><p>Furthermore, Edgewater in the statement noted that it had expanded its data centers last year to include Equinix Singapore SG1 in addition to recently increasing its operations, development and sales teams in the region. </p><p>An APAC FX Veteran</p><p>According to Edgewater, Chan has “repeatedly spearheaded significant
growth of FX trading volumes and revenues” in <a href=”https://www.financemagnates.com/tag/apac/” target=”_blank” rel=”follow”>the APAC region</a>. On top of that, he has wide industry
experience working with NDFs.</p><p>Apart from the GFI Group, the veteran has served in senior roles at Nittan
Capital, OCBC Bank, UBS, HSBC and the Industrial Bank of Japan, among others.</p><p>“I’m excited to be joining Edgewater at a time of tremendous expansion
in the APAC region,” Chan said in the statement.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
